Ethereum

Notcoin

2024

Bitcoin

April

Inflation in the US slowed, Notcoin was listed, Vitalik Buterin suggested a new kind of transaction gas, Bitcoin recovered to $67,000, and a lot more happened last week.
The value of bitcoin has reclaimed $67,000. At the beginning of the week, the first cryptocurrency fell below $61,000. Digital gold reached a high of $63,000 on Monday, May 13, but dropped back down to $61,000 the following day.
The price of Bitcoin skyrocketed to $66,000 on May 15th, Wednesday. First cryptocurrency to settle above $67,000 was on May 17th, Friday.
Binance exchange’s hourly chart for the Bitcoin/USDT pair shows that digital gold is currently trading at $66,800. Details: TradingView. The majority of the top ten digital assets by market cap finished the week on a positive note. Toncoin (-8.4% decline) and BNB (-2.8%) were the two outliers. The entire market value of all cryptocurrencies is $2.53 trillion. Here is the Bitcoin dominance index: 56.1%.
Prices in the US have decreased The consensus forecast was correct: annual inflation in the US slowed to 3.4% in April from 3.5%.
When compared to March’s 0.4% increase and expectations of 0.4%, the actual monthly increase in the consumer price index was 0.3%.
Excluding energy and food costs, the indicator rose 0.3% from March to April and 3.6% from the same month a year ago. The corresponding values were 0.4% and 3.8% one month prior. For the first time in six months, monthly dynamics slowed.
A yearly slowdown to 3.6% and a monthly slowdown to 0.3% were the predictions of analysts.
The listing of Notcoin occurred. As of right now, one coin is worth $0.005. Binance, Bybit, and OKX, three of the biggest cryptocurrency exchanges, listed the NOT token of the Notcoin gaming project on May 16 at 15:00 Kyiv/Moscow time. There are 102.7 billion coins in circulation.
Starting at $0.012, the token’s price on the Binance exchange skyrocketed to $0.037 before starting to fall.
The current price of NOT is $0.005. The hourly chart of the NOT/USDT cryptocurrency on the Binance exchange. Details: TradingView. The Notcoin team announced that users sent Pavel Durov, founder of Telegram, 1,030,383,291,362 NOT, which was equivalent to $6.8 million at the time of the transaction. Up until the mining phase ended, this option was available in the game’s interface.
For Notcoin, the donation was a way to express gratitude to the messenger team for all of their hard work and the chances they’ve given to grow.
According to Durov, he plans to buy more Telegram servers with the received coins once their price reaches $680 million. What can I talk about with my friends? After “sleeping” for a decade, $61 million worth of Bitcoins started moving. Reviving the dormant X account caused the meme coin KITTY’s value to skyrocket by 6000%. In spite of the meme token’s all-time high, the trader made $46 million on PEPE. Andrew Tate, a scandalous blogger, declared his rejection of fiat currency and adoption of bitcoin. One new kind of transaction gas was proposed by Vitalik Buterin. Vitalik Buterin, co-founder of Ethereum, has published EIP-776, which introduces a new gas type for specific transactions.
This function uses the main vector, which consists of max base fee and Priority fee. They figure out how much gas BLOB, execution, and calldata operations will cost.
It is necessary to amend EIP-1559 so that all three types of transactions use the same settlement mechanism in order for the changes to be accepted.
A comparable proposal to implement “multi-dimensional” gas pricing has already been made by Buterin. He proposed classifying Ethereum operations into distinct kinds to better use the blockchain’s resources.
Another proposal, EIP-7702, was put forth by the coder on May 8. With just one transaction, standard Ethereum wallets can transition to smart contract mode. The account abstraction can be more easily implemented using this method.
According to the analyst, Bitcoin will reach $100,000 in 2024 if certain conditions are met. Only one thing needs to happen, and that is the US Federal Reserve System (FRS) to ensure that the first cryptocurrency reaches $100,000. This was said by Timothy Peterson, an analyst at Cane Island Alternative Advisors.
Rates on US speculative grade high yield bonds are a great barometer. To start a sustained rise towards an all-time high, Bitcoin actually needs to drop below 6% or 7%,” he explained. As of this writing, the rate is 7.38 percent, as reported by YCharts.
If yield rates drop within the specified range, Bitcoin will reach $100,000 in the fourth quarter of 2024 or the first quarter of 2025, according to Peterson.
Crypto traders look to interest rates as a leading indicator because, historically, investors in traditional securities have seen lower returns when interest rates are low.
October is typically a time when markets are “stable and volatile,” according to the expert. This time, though, there’s a chance that “uncertainty” will surround the US presidential elections in early November.
On ForkLog as well:
Over the course of just one day, the trader made over $2 million with the 1DOL token. Through three years of mining, El Salvador has amassed nearly 474 BTC. A new version of ChatGPT, described by OpenAI as “more humane,” was developed. Robert Kiyosaki brought up Bitcoin once again and predicted the dollar’s demise.
Robert Kiyosaki, entrepreneur and best-selling author of Rich Dad, Poor Dad, outlined the critical reasons why Bitcoin, gold, and silver investments are required immediately.
He claims that while in South Africa, he overheard numerous rumors regarding the BRICS group’s planned launch of a stablecoin backed by gold.
This opportunity was initially announced in 2019 by the member countries of the association, which include South Africa, Brazil, Russia, India, and China.
Kiyosaki foretold the dollar’s demise and Bitcoin’s rise to $120,000 in July 2023, citing the precise date of the introduction of the digital currency of an international organization.
The businessman warned that “US paper dollars will flood back home, causing hyperinflation and ultimately destroying the US currency” if BRICS crypto gold became trillions of counterfeit money. Kiyosaki reiterated the age-old advice to put money into the first cryptocurrency and precious metals in order to stave off a catastrophic collapse of savings.
Are there any other books you would recommend? Using grants and Swell’s “pearls,” ForkLog explained how to build a DAO this week.
Internet Computer: The Cloud Computing Version of the Swiss Army Knife
The weekly cybersecurity news roundup was compiled in the traditional digest.
More and more large financial institutions are getting involved in the cryptocurrency market. New infrastructure investments and the growing interest from companies in Bitcoin as an asset class are signs of this. This week’s most noteworthy occurrences are detailed in the ForkLog article.
Death or a jar of brains? ATH attendees share their predictions for the future self.

Notcoin listing, Bitcoin at $67,000, and a slowdown in inflation were the results of the week.

Blocksays

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